Board Approves Sale Of Notes

April 16, 1985|By Rick Pierce, Staff writer

The Broward County School Board on Monday approved the sale of $58 million in tax anticipation notes, an annual process that ensures the school system will have enough money from July to November when there is a lag in the revenue collected from taxes.

The money earned on investing the funds before they are spent will more than offset the $4 million in interest costs, according to Tom Larkin, the school system`s associate superintendent for business services.